Dec 8, 2012 5:00am PST
in emergency aid for superstorm sandy recovery. that request falls short of total damage estimates. governors from new york, new jersey and connecticut alone say they will need closer to 82 billion to fix their states. >>> we don't know their names, but a couple from a phoenix suburb has presented the second winning ticket from last month's massive powerball drawing. the couple came forward now because they were concerned about, guess what, the looming fiscal cliff. they will take home 192 million bucks before taxes, and the plan is to use the money to start a foundation and support their favorite charities. >>> more people out of work, and another recession. you want to know what's at the bottom of that fiscal cliff, well, there you have it. many say that what's going to happen if something isn't done soon, but guess what? alice rivlin has a plan. she's a senior fellow at the brookings institution and served as director of the white house office of management and budget, the omb, under president clinton. alice, good morning. >> good morning. >> nice to have you here on the show this morning.
Dec 7, 2012 7:00am PST
people did stop looking for work. hurricane sandy did disrupt hiring. but not as badly as expected. >>> and a major blow to union rights in michigan. republican lawmakers there have pushed through right-to-work bills. hundreds of activists stormed the capitol, protesting the legislation, which would ban unions from requiring employees to pay fees. >>> and a frightening scene for holiday shoppers this morning. an escalator at a macy's in suburban seattle malfunctioned. breaking apart and leaving four people slightly injured, including two toddlers. officials there say a mechanical failure is to blame. >>> and finally, perhaps, if nothing else, evidence that someone up there must be watching. look at what happens when a tennessee jewelry store clerk tries to make a sale. out of nowhere, that's an suv, through the front glass. nearly taking out both clerk and customer. both were shaken up. but remarkably, best news of all, no one was hurt. >> no one was hurt. we love that line. >> incredible. >> we do. >> just amazing. >> thanks, josh. >>> we have the latest on the fiscal cliff, just
Dec 9, 2012 4:00am PST
are bringing them closer to the near $3. >> hurricane sandy hit in a major population portion in the united states. we saw people driving a whole lot less. >> with plenty of gas going around, and not much demand, we the consumer have the upper hand. many are taking the opportunity to fill up and enjoy while it lasts. so, where can you find the cheapest gas? according to gusbuddy.com, the honor goes to missouri at nearly $3. but the good news for everyone around the country, experts predict we'll see these prices stay down at least until february. dan and bianna. >> good tips and good news finally. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going on with negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> they're not really talking right now. that's what's most incredible. there were speeches all week long. lot of ads on television. less than an hour of negotiations. one-hour phone call between to president obama and house speaker boehner. democrats
Dec 7, 2012 8:00am PST
pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are flipping through. 43,000 jobs created. anyone trying to get your kid in college, government pointed out computer systems analysts and related fields very strong demand. that fits in that professional business services. good pay in that field. let's talk about the breakdown of race. african-american unemployment went down a little bit. 13.2%. >> still way too high. >> notice the disparities between the worker groups are still a problem. structural problems there. but the african-american unemployment rate went down and that's the trend. we have two years and change now of -- month after month of solid jobs creation. >> march of 2010.
Dec 8, 2012 4:00am PST
aid for states that were devastated by superstorm sandy. it may not pass in congress until next year because of the fiscal cliff situation. >>> and some electronic device bans could be lifted. in a letter to the faa, the agency called for greater use of portable devices on planes. i thought they affected navigation systems. but maybe that's not true. >>> and finally, a fish tale with a picture to prove it. a fisherman caught what is believed to be the biggest yellow fin tuna ever. landed on rod and reel, that is. 459 pounds. he fought the fish for two hours. the previous record, dan harris was reminded me, was 427 pounds this year. >> i take this very seriously, ron. >> a walking encyclopedia. >> he likes his sushi. >>> time for the weather and ginger zee. >> good morning, everybody. i want to start in the pacific northwest, where they've been waiting for snow at the ski resorts. and snowboarders happy, too. snoqualmie pass, they got it. they got well over six inches in a lot of spot. that same storm that drops that snow is moving through the northern plains. that's what will be resp
Dec 4, 2012 4:00am EST
know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% n